M&A Deal Summary

Centrica Acquires Ensek

On July 29, 2024, Centrica acquired internet software and services company Ensek from Lloyds TSB Development Capital

Acquisition Highlights
  • This is Centrica’s 3rd transaction in the Internet Software and Services sector.
  • This is Centrica’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-07-29
Target Ensek
Sector Internet Software and Services
Buyer(s) Centrica
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition

Target

Ensek

Nottingham, United Kingdom
Ensek is a software-as-a-service (SaaS) platform to provide existing energy providers with its revenue assurance and gross margin accounting product and new entrants with the end-to-end software solution required to enter and operate in the UK market. Ensek was founded in 2010 and is based in Nottingham, England.

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Buyer(S) 1

Buyer

Centrica

Windsor, United Kingdom

Category Company
Founded 1812
Sector Utilities
Employees21,432
Revenue 26.5B GBP (2023)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway. Centrica aims to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was founded in 1812 and is headquartered in Windsor, England.


DEAL STATS #
Overall 21 of 21
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 13 of 13
Country (United Kingdom) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 CBS Mexico

Mexico City, Mexico

CBS Mexico delivers integrated energy solutions that balance profitability and sustainability. Bringing together the right combination of technologies and approaches helps organizations get the most from their energy and drive the most value from their energy infrastructure, helping clients solve their energy challenges and harness new opportunities in a changing world. CBS Mexico is based in Mexico City, Mexico.

Sell $33M

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.


DEAL STATS #
Overall 192 of 192
Sector (Internet Software and Services) 9 of 9
Type (Add-on Acquisition) 92 of 92
Country (United Kingdom) 186 of 186
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 Medray

Dublin, Ireland

Medray is a provider of diagnostic imaging equipment, including X-ray and CT, to customers across the healthcare, veterinary and dental markets in the UK and Ireland. Medray was founded in 1979 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Creative ITC

London, United Kingdom

Creative ITC provides high-power cloud computing solutions to the global architecture, engineering, and construction (‘AEC’) sector. The company delivers specialist and mission-critical cloud infrastructure solutions, including its Desktop-as-a-Service offering and sophisticated data storage and backup/recovery products. Creative ITC is based in London.

Buy -